Applying the AY 2021-22 115BAC slabs, how much tax before cess falls on Rs 18 lakh?
ARs 2,70,000
BRs 3,00,000
CRs 2,87,500
DRs 2,77,500
Answer & Solution
Correct answer: D. Rs 2,77,500
Rs 1,87,500 on the first Rs 15 lakh plus 30 per cent of Rs 3 lakh (Rs 90,000) gives Rs 2,77,500.
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